lol @ you thinking they will liquidate it on Gox or any of the other current exchanges
Why not? The FBI probably doesn't like bitcoin. They can kill two birds with one stone. (1) Cash out and (2) dissuade the public from investing by crashing the price. |
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Gox crashin again. I suspect we see this twice a day until the weekend.
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Time to bump this thread.
We now know how much business Silk Road had. Is there any Bitcoin business we know of that is comparable?
Illicit or legit? Nothing but bodega shops int he latter category. |
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The only legitimate use of bitcoin is to buy overpriced junk at online bodega shops. |
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Bid Sum is near 7 mil on gox. Almost halved in a couple hours. This fall is going to accelerate.
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This is the buying opportunity we've all been waiting for.
It is, indeed :3 That's not how speculative markets work. If everybody believes a certain price point or range will be reached, then it will not. Yes, it is that simple. Puzzling why some of you have not figured this out yet. |
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Bitcoin is much bigger than SR, in the long run this will be a good thing!
Not really. Most (all) of the sites that accept bitcoin directly, or through a payment processor, look like bodega shops. |
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So how low do we go???
single digits. the party is just beginning. |
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My prediction (i am never wrong): extreme volatility for 1-2 weeks, then mega-ultra-turbo crash, then bitcoin along with the entire crypto scene dies.
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woa... we gonna crash hard. Single digits bros. get ready.
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it is decided. Gov shutting down. No immediate moves in btc...
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Why is camp BX so low, its uber ez to fill with USD...
exactly. and when gox finally resumes speedy withdrawals, you can expect a turbo crash. Only reason ppl buy btc these days is to get fiat off gox. THE ONLY REASON. |
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lulz@campbx $20+ below gox.
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Today's volume = lame.
Out of pure curiosity, your USD are sitting in Gox? I haz USD everywhere. I'm rich, biotch  |
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this is just a quick short drop before we go up to 150, then 165 after
Or down to single digits   |
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Just a piece of speculation, nothing that I advocate, but I believe I'm not alone to think about this.
Gox is likely sitting at nice stash of btc, and if they are insolvent, they might want to sell large portion of btc at the highest possible price.
So gox manipulates the price and makes others to follow, until volume there is enough high to make them so.
Rising price can also induce more interest in bitcoin and thus influx of newcomers buying into btc (most of them may not be buying at gox, but still easing their effort by eating sell walls at other exchanges). Also, here could be helpful the secondmarket news, to which the rally would be accredited in media, thus finding more plausible and bullish explanation for the raise.
Where that goes is clear. In later stage of rally gox starts to dump (not only on their own exchange of course). Also more players exit their positions. With gox losing its market share and ask sum at other exchanges growing, the market peaks and a crash follows.
MtGox' market share is worth so much more than what they could gain with such a scheme. Gox is capable of making all kinds of idiotic business moves. |
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